Attached files
Exhibit 12.87
DTE Energy Company
Computation of Ratio of Earnings to Fixed Charges
Nine Months Ended | Year Ended December 31, | ||||||||||||||||||||||
September 30, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
(In millions) | |||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pretax earnings | $ | 1,043 | $ | 1,287 | $ | 1,105 | $ | 950 | $ | 1,275 | $ | 922 | |||||||||||
Adjustments to earnings(a) | (55 | ) | (19 | ) | 23 | (3 | ) | (15 | ) | (26 | ) | ||||||||||||
Fixed charges | 432 | 561 | 493 | 473 | 453 | 461 | |||||||||||||||||
Net earnings | $ | 1,420 | $ | 1,829 | $ | 1,621 | $ | 1,420 | $ | 1,713 | $ | 1,357 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expense(b) | $ | 408 | $ | 531 | $ | 468 | $ | 446 | $ | 424 | $ | 432 | |||||||||||
Adjustments to fixed charges(c) | 24 | 30 | 25 | 27 | 29 | 29 | |||||||||||||||||
Fixed charges | $ | 432 | $ | 561 | $ | 493 | $ | 473 | $ | 453 | $ | 461 | |||||||||||
Ratio of earnings to fixed charges | 3.29 | 3.26 | 3.29 | 3.00 | 3.78 | 2.94 |
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(a) | Adjustments include the removal of the impact of earnings from non-consolidated entities and the inclusion of capitalized interest costs. |
(b) | Includes interest on uncertain positions. |
(c) | Adjustments include the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined and capitalized interest costs. |